Metaverse is making headlines in technology, there's a boom in Metaverse crypto projects, each viewing to shape the future of both Metaverse cryptocurrencies and the nature of digital real estate. It is a collision between the digital and physical worlds when virtual reality and augmented reality bridge the gap and allow the physical and virtual worlds to interact closely. Recently Metaverse cryptocurrencies are on the rise giving massive returns to their investors this year. Blockchain and NFTs are considered an important aspect of the budding Metaverse ecosystem. There are plenty of metaverse cryptocurrencies that anyone can buy. Here is the list of top Metaverse cryptocurrencies that are most traded till now in 2022.
Decentraland defines itself as a virtual reality platform powered by the Ethereum blockchain that allows users to create, experience, and monetize contempt and applications. In this virtual world, users purchase plots of land that they can later navigate, build upon, and monetize. Till now, it is one of the top most-traded Metaverse cryptocurrencies of 2022.
The Sandbox stands as a solid investment in March 2022 because it applied blockchain technology to a massive global market such as the gaming industry and is entirely focused on decentralization. The Sandbox is a virtual world where players can build, own and monetize their gaming experiences in the Ethereum blockchain using the SAND token. Players can create digital assets in the form of Non-Fungible Tokens (NFTs), upload them to the marketplace and integrate them into games with Game Maker.
Axie Infinity is the biggest Metaverse cryptocurrency that has already attracted more than 3 million active players on the platform. Axie Infinity became well known among other play-to-earn games as a currency that provides a source of real-world income for its players. As of March 2022, Axie Infinity (AXS) is available to trade on numerous exchange platforms, including top exchanges like Binance, Huobi Global, Coinbase, FTX, Bithumb, KuCoin, Gate.io, and Kraken.
Enjin Coin has real-world applications and is also laser-focused on the gaming industry. Besides focusing on revolutionizing the gaming space by driving up a player-driven economy, the NFT token also enables the tokenization and subsequent transfer of in-game assets across several platforms. This Ethereum-based network is currently planning on expanding into the heterogeneous network called Polkadot to avoid the high gas fees accompanied by the ETH network.
HERO provides a 3D scanning network and sculpting services, and the production of in-game characters. Its 3D scanning technology reconstructs real-world objects, including humans, into ultra-high-definition avatars. They have already decided to upgrade to 16k ultra-HD scanners. It also can be purchased or sold in cryptocurrency.
Epik is a pioneer of early-stage games. Among its 300 clients is an A+ gaming studio. Epik is a top-tier digital agency that has previously created million-dollar in-game drops. Its Blockchain-powered in-game experiences and NFTs are conceivable. It is also one of the most-traded Metaverse cryptocurrencies now.
HIGH is a Metaverse crypto project where players have the opportunity to win. This project is unique in that it is both virtual and physical. To earn tokens, the player can simply play the game and perform tasks. NFTs are used in the virtual settings on HIGH. Bonding curves that are cleverly designed generate quick liquidity.
SushiSwap is home to a popular decentralized exchange that allows users to buy and sell digital currencies without requiring a centralized third party. This popularity has since resulted in SushiSwap surpassing a market capitalization of US$500 million as of early 2022. With that said, SushiSwap has since expanded its business model by creating an NFT marketplace in conjunction with the Metaverse.
Star Atlas is a VR game for the next generation. The Solana blockchain serves as the foundation for Star Atlas. It can be used to purchase digital assets such as ships, crew, land, and equipment. SOLANA is the game's main prize. Solana is known as the Ethereum Slayer. There are no exorbitant gas prices or scalability issues. It can be purchased or sold to FTX cryptocurrency.
BLOK is one of the most-traded Metaverse cryptocurrencies. BLOK members can create their avatars, participate in social activities, learn about cryptocurrency, and exchange it also. Real-time 3D production engines are used in the best virtual reality visual effects also. The Polygon blockchain serves as the foundation for Bloktopia.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.